News Flash

City of Shenandoah News

Posted on: August 23, 2023

Municipal Development District (MDD) August 23, 2023 Update

Supporting documents


Attendance:  

Present:  President Byron Bevers (Place 4),  Vice President Ron Raymaker (Place 1),  Dr. Jim Wallace (Place 2), Ted Fletcher (Place 5)    Absent:  Secretary Joanna Gonzalez (Place 3)  


ITEM 4: Monthly Cash Flow Report - As requested by MDD, staff has created a visual for a 5-year cash flow projection for the MDD as well as a monthly cash flow report for future agendas.  Discussion only. 

 ITEM 5: Monthly MDD Capital Projects Report - No action required; report only.   


ITEM 6:  General Fund Reimbursements - Every year the MDD budgets for reimbursement to the General Fund for shared costs. In the past the City Administrator and
President have signed off on the transfers on a Quarterly basis. The Finance Department wanted to promote financial transparency and present the transfers to all members of the MDD board and to the public at the end of the fiscal year. This year's difference between budgeted costs and actual costs was $3,651. No action needed; presentation only.

ITEM 7: WWTP Improvements Project. - Bids for this project came in higher than originally estimated due to inflation. Staff has negotiated prices down with the low bidder as well as removed some items that weren’t critical. During the budget workshop, Council discussed delaying the $500,000 reimbursement back to MDD that was funded to begin design work and help pay for the TWDB loan application work. Staff wanted to bring this information to the board for discussion. MDD Directors discussed several options:  reimbursement,  delaying the repayment and deferring the repayment.   No action needed; discussion only.

ITEM 8: Streetlights for Tamina Road -   Entergy has provided city staff with a cost estimate of $6,817.76 to install streetlights along Tamina Rd. The lights would be mounted to existing power poles. Entergy would perform the installations. As costs are an estimate, staff recommended funding $10,000 for the project with any unused funds to be
released at the close of the project. MDD voted 2-1-1 to approve the budget of $10,000. (Raymaker voted nay; Fletcher abstained)

ITEM  9: Adoption of May 24 and June 24, 2023 Minutes- MDD voted 4-0 to approve the minutes as presented.

ITEM  10: Ratification of the July Accounts Payable- MDD voted 4-0 to approve the accounts payable. 

Executive Session: None scheduled

MDD adjourned at 6:25 p.m.

 

Upcoming Events/Meetings


September 4: Labor Day Holiday, City Offices Closed

September 12: Civic Club, 6 p.m., Executive Conference Room

September  13City Council, 7 p.m.

September 19: Planning and Zoning Commission (P&Z), 6 p.m.

September  27Municipal Development District (MDD), 6 p.m.

September  27City Council, 7 p.m.



 







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